InsurTech launches IPO with 3-day subscription period starting today

inviting subscriptions on 8-10 February. 

The IPO, priced at THB3.85 ($0.11) a share, consists of 90m newly issued shares and the offer of existing common stock not exceeding 67.50m shares, held currently by Thai Reinsurance. The total number of shares to be sold in the exercise is 157.50m.  

The IPO share price corresponds to a price-earnings ratio of 32.08 times based on the company’s net profit of THB51.86m for the 12 months to 30 September 2022 and 450m shares, which is the enlarged post-IPO number of ordinary shares of the company. The shares, which have a par value of THB0.50 each, represent net profit of THB0.12 per share. 

BVG is a platform and application service…